Thanks, this is actually very useful for me. Much more than just chart art.
isomorph
⋅
no offense, but how is it based on regression? there is no regression computation in the code.
RicardoSantos
⋅
my apologies, poorly used term :s
it would likely make more sense as mean regression.
isomorph
⋅
ok no worries. could you please explain a little more about the origin of the algorithm? is this something you found on some site like stockcharts.com or investopedia? or is it your idea and if so, what is the main rationale behind it?
i ask because i am puzzled by this notion of using atr as a decay factor. in other words, why? why think of atr as 'decay'?
RicardoSantos
⋅
not at all, is mostly inspired by sar and gann fan's visual appearance, the rationale is the perception of price decay over time.
the atr was just a means to a end, it could be very well an input, pip or other unit of measurement.
isomorph
⋅
ok thanks. in your testing, what did you find out regarding the usefulness of study VFC for TFs < daily?